Relative newbie to technical analysis (but not new to market).
I did my first technical buy yesterday late evening - AstraZeneca at 3600
I bought it because it looked like a breakout from the VCP (volatility contraction pattern) with very high volumes. I am planning to stop loss it at 3239...
I looked at his site. It's a fantastic resource. However, it's not what I asked. It shows patterns where already lines are cleanly drawn & patterns are identified (that's how most books also are). Once somebody draws a nice rectangle or triangle or flag or cup and saucer on a chart, I can also...
Most books on technical analysis draw Cartoonish figures for explaining different patterns trendlines etc. I mean, it's very simple to identify patterns and trends if you look at the drawings in the book. The patterns are so clean, unambigous & simple. However, in real life, it's not like that...
I am going through Mark Minervini's books. He keeps talking about "Bases" & "Emerging from a Base" & Base 1, Base 2 etc but he hasn't clearly explained anywhere what exactly is a "Base". Is there a proper definition/description of what exactly is a base?
Hi guys, I am a relative beginner with Technical Analysis. Read quite a few books. In the books the charts & patterns so nice & clean & it seems like I understand them perfectly. But when I actually look at real life charts, I am totally unable to identify the patterns. In the books, they so...
Trying my hand at chartink.com scanner filters for the first time.
I want to create a couple of filters
1) Current Stock Price greater than 150 day Moving Average price line. Is below the right way to do it?
2) Current Stock Price 30% or more greater than 52 week Low. Is below the right way to...
I was looking for Weekly OHLC, Volume data for the Nifty Index. I found it at Yahoo, but Volume data seems off
August to current data shows volume in 1000s...
This is not for day trading but medium to long term buying & selling of the NiftyBEES ETF.
If is better for me to go through the NiftyBEES ETF chart or should I just look at the Nifty 50 index charts to determine entry & exit points?
If you get stock prices from NSE
Type in any stock symbol & click on Get Data.
For any price, it gives 2 close prices - Last Price & Close Price.
If I want to plot my own charts, which would I use as the Close price?
Someone published a screenshot of his chart on Twitter - https://pbs.twimg.com/media/ELXKxdeUwAAFFJp?format=jpg&name=large
I looked at the Nifty 50 chart on TradingView on my own browser & it looked different. So it's probably not the chart of Nifty 50.
How do I figure out what chart he...